One of the drivers was falling interest rates, but investors also seem to be thinking that the worst of the market's drop is behind us. Shares of Zoom Video Communications (NASDAQ: ZM) jumped as much as 5.2%, while Asana (NYSE: ASAN) was up 13.5% and fuboTV (NYSE: FUBO) popped 16.4%. After climbing for most of the year, interest rates have fallen sharply over the last month.
NEW YORK, August 08, 2022--Maximum Effort Productions, a production company co-founded by Ryan Reynolds and George Dewey in 2018, and FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, announced today a first-look deal for unscripted content. The multi-year partnership reflects the common creative vision of the two companies.
Shares of live-sports streaming platform fuboTV (NYSE: FUBO) soared on Friday after it reported financial results for the second quarter of 2022 and said it was considering strategic options. In Q2, fuboTV generated revenue of $222 million, up 70% year over year. Subscription average revenue per user (ARPU) was only up a modest 2% from the prior-year period.